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on december 31st. senate majority leader harry reid is working to see if the scaled backpackage the president laid out last week can get through congress before monday. meantime, treasury secretary timothy geithner says the government will hit the debt ceiling on monday and he is launching an emergency plan to avert a crisis. amm eamon javers is live. what do we know? >> the president is coming back early, a couple days earlier than his vacation. did a little bit of jogging, working out in the gym over his vacation. now he will be,ing would out on this fiscal cliff. the senate is coming back and the house of representatives is going to have a conference call for all republicans later on today and then yesterday, we saw the secretary of the treasury, tim geithner, announced the $16.4 trillion debt limit is going to be reached by monday, that was a little bit surprising to people who haven't been following this kind of thing and raises the stakes for the fiscal cliff end game because the white house had wanted a debt ceiling deal as part of the overall deal here on the fiscal cliff. republicans
through the emergency measures we needed. in fact, when george bush came to harry reid and nancy pelosi in late 2007 and said the economy is slipping, i need a stimulus, they worked with him to do it. it was when barack obama got elected that the republicans followed mitch mcconnell's declaration that defeating the president was his number one agenda item. deadlock came in when the american people decided, as they have obviously every right to do, that they didn't like the people they voted for in 2008, and we're going to vote for diametrically opposed people in 2010. but if you look before that happened, before 2011, you've got a pretty functional system. the problem is not structural. it's who the people are. i do believe that as a result of the 2012 election, some of those who were elected who really don't believe in governance, are losing their ability to screw things up. >> mr. congressman, i know we'll have you back again. but it will be as a participant in the private sector debate. congratulations on everything. happy new year. >> thank you. >> congressman barney frank from wash
Search Results 0 to 1 of about 2